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The language acquisition device (LAD) was proposed by Noam Chomsky to explain how
children, when exposed to any human language, are able to learn it within only a few years
following birth. Chomsky argued that all humans are born with the knowledge of wha

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Easy Economics Notes
Basic Concepts in Economics
towards
the
satisfaction
of
e.
directed
co
m
1) Production: Any economic activity
re
human wants is known as production. The
of
goods
necessary
for
the
and
in
ef
production
serv